Has the Recession Changed How Americans Look at Long Term Care?

Buyers of long-term-care insurance are reacting to the economic turmoil in just the way many in the insurance industry expected: with thrift and caution.

Most notably, long-term-care insurance purchasers are choosing less benefits, longer elimination periods and policies that cost less, according to an annual study performed by the American Association of Long-Term-Care Insurance (AALTCI).